Date: Thu, Nov 14, 2024, 04:59 PM GMT
In the cryptocurrency market today, the price of Kaspa (KAS) saw a remarkable surge, climbing by 18% within the past hour and reaching a high of $0.1416. This upward movement follows an exciting announcement from the prominent crypto exchange, Kraken.
Source: Coinmarketcap
Kraken Listing Announcement:
Just minutes ago, Kraken announced that it will list Kaspa (KAS) on November 19th at 14:00 UTC, with trading pairs $KAS/$USD and $KAS/$EUR. This news provided a substantial boost to KAS, as the Kaspa community had been eagerly awaiting a listing on a major exchange.
Source: @krakenpro (X)
Kraken’s announcement, phrased humorously as, “'Wen KAS?' you asked 1,000,000 times,” signals that the community’s persistence has paid off.
What To Expect Ahead?
At the moment, KAS is trading at the $0.14 level, hovering just above a key support level of $0.1374. This support acts as a foundation, and if KAS can maintain its position above it, we could see the price rally towards the next resistance level at $0.18, which represents a potential 27% increase from the current price. The bullish sentiment stemming from the Kraken listing news could drive continued momentum in the short term.
Conclusion:
The Kraken listing has provided a strong boost for Kaspa (KAS), propelling it to new levels as it holds above critical support. With the potential to reach the $0.18 resistance, KAS traders and investors have reasons to be optimistic. However, maintaining momentum will be key in the days leading up to the official listing, so keeping an eye on support and resistance levels is essential. This listing marks a positive milestone for Kaspa, showing the impact of strong community support and growing interest in the project.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
